Principal Financial Group Inc. Purchases 10,447 Shares of Enviri Corporation (NYSE:NVRI)

Principal Financial Group Inc. increased its position in shares of Enviri Corporation (NYSE:NVRI) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,999 shares of the company’s stock after purchasing an additional 10,447 shares during the period. Principal Financial Group Inc. owned 0.50% of Enviri worth $2,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NVRI. GAMMA Investing LLC grew its stake in Enviri by 1,216.8% during the first quarter. GAMMA Investing LLC now owns 12,128 shares of the company’s stock valued at $81,000 after acquiring an additional 11,207 shares in the last quarter. Amundi grew its stake in Enviri by 262.3% during the fourth quarter. Amundi now owns 58,278 shares of the company’s stock valued at $491,000 after acquiring an additional 42,194 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Enviri during the fourth quarter valued at $943,000. Invesco Ltd. grew its stake in Enviri by 26.9% during the fourth quarter. Invesco Ltd. now owns 2,126,739 shares of the company’s stock valued at $16,376,000 after acquiring an additional 450,327 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Enviri by 266.9% during the fourth quarter. Squarepoint Ops LLC now owns 65,949 shares of the company’s stock valued at $508,000 after acquiring an additional 47,974 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th.

Enviri Stock Performance

Shares of NYSE:NVRI opened at $8.99 on Friday. Enviri Corporation has a 52 week low of $4.72 and a 52 week high of $12.79. The stock has a market capitalization of $721.09 million, a P/E ratio of -5.84 and a beta of 1.80. The firm has a fifty day simple moving average of $8.41 and a two-hundred day simple moving average of $7.72. The company has a quick ratio of 0.94, a current ratio of 1.28 and a debt-to-equity ratio of 3.21.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. Enviri had a negative net margin of 5.39% and a negative return on equity of 3.43%. The business had revenue of $548.28 million during the quarter, compared to analysts’ expectations of $560.00 million. During the same period last year, the company posted ($0.03) EPS. The business’s revenue was down 8.7% on a year-over-year basis. On average, analysts expect that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Enviri Company Profile

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.